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Do Doctors Need to Act on the New Loan Law?

  • Currently on PAYE?
    • No action needed at this time but we will want to evaluate if RAP or IBR would be a better option for you before to July 1st 2026.
  • Currently on IBR?
    • No action needed.
  • Currently on ICR or Standard?
    • Let us know ASAP—you might qualify for a lower payment on IBR now that they removed the financial hardship requirements.
  • Currently on SAVE?
    • If planning to pay the loans off: time to start paying them off directly.
    • If planning for forgiveness: moving to PAYE or IBR might be a better alternative to continue getting credit.
Request a Student Loan Strategy Session — No Cost for Healthcare Workers

With all the changes, we’re offering free consults with one of our Certified Student Loan Professionals—exclusively for healthcare workers—so you don’t get lost in the shuffle.

Quick Overview of Changes

The loan landscape has changed rapidly—and many healthcare workers are getting left behind. This new law impacts forgiveness timelines, interest, and repayment strategy. Here's what changed:

  • SAVE
    • Interest subsidies to end August 1st, 2025
    • Unclear if payments will also resume
  • PSLF
    • No major changes—huge win here!
    • Income Based Repayment (new and old versions) will continue counting towards qualified months.
    • They added the new RAP repayment plan as an eligible PSLF repayment plan starting after July 2026.
  • Income Based Repayment (IBR) 
    • No more partial financial hardship requirement to enroll!
    • Payment cap remains: the equivalent amount to pay off your original balance (when you entered repayment) in 10 years.
  • Pay As You Earn (PAYE) and Income Contingent Repayment (ICR)
    • All will be shut down sometime between now and July 1st 2028.
    • PAYE and ICR will continue counting towards forgiveness until they’re closed.
    • SAVE will likely terminate sooner depending on the lawsuit outcome, but no later than July 1st, 2028.
  • Repayment Assistance Program (RAP)
    • Able to enroll July 1st, 2026.
    • Interest subsidies on any unpaid interest each month (like SAVE).
    • 30yr taxable forgiveness.
    • Eligible for PSLF.
    • Min payment: $10/mo
    • Max payment: Same cap as IBR— payment commensurate to the amount to pay off your original loan balance (at the time you entered into repayment) in 10yrs.
    • Payments are looking to be comparable to current options.
    • Filing taxes separately is still allowed to isolate income for married borrowers.

Need a Specialist on Your Team?

At Humble Wealth, student loan planning is our subspecialty. As Certified Student Loan Professionals, we're here to help you play the student loan game well. 

Initial consults for healthcare professionals are on the house.

Schedule Your Consult Here When You Are Ready

FAQs

Is this really free?

Yes. We offer these strategy sessions at no cost for healthcare professionals. If ongoing support makes sense, we’ll walk you through those options—no pressure.

Who qualifies as a healthcare worker?

Doctors, nurses, dentists, therapists, residents, and other medical professionals working in healthcare settings.

As featured in:

                                                                                     

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